Treasury Wine Estates (ASX:TWE) Stock Price Crosses Below Two Hundred Day Moving Average Following Insider Selling
Treasury Wine Estates Ltd (ASX:TWE)’s stock price passed below its 200-day moving average during trading on Friday after an insider sold shares in the company. The stock has a 200-day moving average of $15.94 and traded as low as $18.09. Treasury Wine Estates shares last traded at $18.37, with a volume of 2,620,793 shares traded.
Specifically, insider Michael(Mike) Clarke sold 34,012 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of A$18.85 ($13.37), for a total value of A$641,126.20 ($454,699.43). Over the last 90 days, insiders purchased 452,845 shares of company stock worth $7,735,291.
The company has a market capitalization of $13.22 billion and a price-to-earnings ratio of 31.62. The firm has a 50-day moving average price of A$17.28 and a 200-day moving average price of A$15.95. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 31.44.
About Treasury Wine Estates (ASX:TWE)
Treasury Wine Estates Limited operates as a wine company in Australia, New Zealand, Asia, Europe, and the Americas. It engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. The company's wine portfolio includes luxury, masstige, and commercial wine brands, such as Penfolds, Beringer, Lindeman's, Wolf Blass, 19 Crimes, Chateau St Jean, Beaulieu Vineyard, and Sterling Vineyards.
Further Reading: Outstanding Shares and The Effect on Share Price
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